Why is 1/6 greater than 1/8 but less than 1/3?
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The variance for the data is 17,507. 5.
Given
The weekly salaries of a sample of employees at the local bank are given in the table below.
Employee Weekly Salary Anja $245 Raz $300 Natalie $325 Mic $465 Paul $100.
<h3>Variance</h3>Variance is the expected value of the squared variation of a random variable from its mean value, in probability and statistics.
The mean value of the salaries of employees is;
The variance is given by;
Hence, the variance for the data is 17,507. 5.
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